Cohu, Inc. (NASDAQ:COHU) Stock Position Lifted by Needham Investment Management LLC

Needham Investment Management LLC lifted its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 118,000 shares of the semiconductor company's stock after purchasing an additional 38,000 shares during the quarter. Needham Investment Management LLC owned about 0.25% of Cohu worth $3,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of COHU. Barclays PLC grew its holdings in shares of Cohu by 331.6% during the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock worth $1,994,000 after purchasing an additional 59,622 shares during the period. Sheets Smith Wealth Management purchased a new position in Cohu in the 4th quarter worth approximately $205,000. Tributary Capital Management LLC boosted its holdings in Cohu by 13.0% in the 4th quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company's stock worth $15,715,000 after acquiring an additional 67,525 shares during the period. KBC Group NV boosted its holdings in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 1,132 shares during the period. Finally, Hodges Capital Management Inc. purchased a new position in Cohu in the 4th quarter worth approximately $3,771,000. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Performance

Shares of COHU stock traded down $0.07 on Friday, hitting $17.76. 312,600 shares of the stock traded hands, compared to its average volume of 404,226. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company has a market capitalization of $825.89 million, a PE ratio of -11.84 and a beta of 1.22. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60. The company's fifty day moving average is $15.78 and its 200 day moving average is $21.47.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business's revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. On average, equities research analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a report on Tuesday. TD Cowen decreased their price target on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their target price on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, B. Riley reduced their target price on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.43.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.